Authorised Firm must, subject to (2) and (3), make the following appointments and ensure that they are held by one or more Authorised Individuals at all times:
Senior Executive Officer;
Compliance Officer; and
Money Laundering Reporting Officer.
Authorised Firm which is a Credit Rating Agency:
(a) need not make the appointment referred to in (1)(b) and (d); and
(b) must ensure that the appointments referred to in 1(a) and (c) are held by separate
Authorised Individuals at all times.
(3) An Authorised Firm need not make the appointment referred to in (1)(b) if the only Financial Service it carries on is Managing a Venture Capital Fund.